In today’s interconnected world, global trade plays a significant role in the economies of many countries. However, some argue that countries should prioritize self-sufficiency over relying on global ...

Poorest countries face risk of debt crises as borrowing costs surge WASHINGTON, Dec. 13, 2023—Amid the biggest surge in global interest rates in four decades, developing countries spent a record ...

World Bank Was Largest Provider of Net New Financing to 78 Most Vulnerable Countries WASHINGTON, December 3, 2025—Developing countries paid out $741 billion more in principal and interest on their ...